We don’t have a summary available yet.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 26, 2017.
Retirement Plan Modernization Act
This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to increase from $5,000 to $7,600 the amount of accrued benefits in a pension plan that may be immediately distributed without the consent of the participant. The bill also requires the increased limit to be adjusted for inflation after 2018.